Legal Definitions - account duty

Definition: An inheritance tax payable by a decedent's beneficiary.

Example: When John's father passed away, he inherited his father's estate. As part of the process, John had to pay an account duty to the government.

Explanation: Account duty is a tax that is imposed on the beneficiary of an estate after the death of the owner. In the example, John inherited his father's estate and had to pay the account duty to the government as part of the process of receiving the inheritance. This tax is payable by the beneficiary and is based on the value of the estate that is being inherited.